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What to watch for today and over the weekend
India releases its budget. New finance minister Nirmala Sitharaman will lay out the priorities for Narendra Modi’s second term after his re-election as prime minister in May. The country is growing at its slowest pace in five years, making restoring confidence a key concern.
The US looks for signs in employment numbers. Economists are forecasting 165,000 jobs were added in June, up from a disappointing 75,000 in May. A slowing trend could be the signal the Federal Reserve needs to cut interest rates. Its unwillingness to do so yet has attracted sharp criticism from Trump.
The Women’s World Cup Final. The Netherlands goes up against three-time champion US in Lyon. The Dutch team are ranked eighth in the world, and this is only the second time that they have qualified for the tournament.
Greece votes. Prime minister Alexis Tsipras called Sunday’s snap election following his party’s heavy defeat in European elections in May. Disappointment in the Syriza party over economic issues has pushed voters toward the center-right opposition, which is promising lower taxes and renegotiations for a better deal with Greece’s creditors.
Iran makes an announcement on its nuclear program. President Hassan Rouhani said that on Sunday the country’s uranium enrichment level would exceed the limit agreed to in a 2015 pact with major powers. The limit is sufficient for power generation but far below the amount required for a nuclear warhead.
While you were sleeping
Sudan reached a deal. Following weeks of violence, the ruling military council and civilian groups struck an agreement to share power until the next elections, at which time the military will step down from government. Sudanese took to the streets to celebrate.
Donald Trump put on a military show. At the “Salute to America” event celebrating Independence Day, the president surprised audiences with a plea for national unity rather than a partisan speech to his base. Crowds also watched a parade of America’s powerful arsenal including F-22 Raptors, B-2 stealth bombers, and two Abrams tanks.
Samsung updated its earnings forecast. The Korean tech giant said that operating profit in the second quarter is likely to have dropped by more than half due to US sanctions on Huawei and a growing spat between Tokyo and Seoul over the export of high-tech materials. The slump was moderated, however, due to a strong performance in its display unit.
New details came to light on the detention of Uyghur children in China. A BBC investigation found that authorities are building large-scale boarding schools to house children from the Muslim minority in the Xinjiang region, as many of their parents are taken away to re-education camps. Data also show a sharp rise in pre-school enrolment in the region.
A strong earthquake struck California. The 6.4 magnitude quake, the strongest to hit the state in two decades, was centered west of the Mojave Desert and about 150 miles (240 km) north of Los Angeles. There were no casualties reported but the quake was followed by over 100 aftershocks.
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What does a meat market in China have to do with Brazilian soybean farms? A whole lot, it turns out. Chinese demand for meat has a gravitational pull that is drawing in the world’s soybean-growing countries. In our ongoing members-only video series on how China is reshaping our world, we examine how Chinese tastes are changing entire nations—even ones as large and diverse as Brazil.
Matters of debate
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Women should embrace “glass cliff” roles. ECB presidential nominee Christine Lagarde says leading during a crisis is a chance to have a real impact.
TV punditry hasn’t caught up with the times. The overwhelmingly white male line-up of TV talking heads is a poor reflection of today’s political landscape.
Conservatism is in crisis. The new right-wing parties in power in the US and Europe repudiate the very values that define the ideology.
American children have moved to Mexico in record numbers. The economic crisis and immigration enforcement were key drivers.
The deputy mayor of Paris says tourist buses need to go. They’re “wreaking total anarchy” in a city that is fighting the scourge of excessive tourism.
KLM is encouraging people not to fly. The Dutch national carrier is asking people to fly responsibly and contribute to its carbon offsetting scheme.
One in three Americans think they have 5G. A survey of 2,000 smartphone owners revealed confusion over their phones’ capabilities.
Egypt objected to the auction of a 3,000-year-old bust. The sculpture of boy-king Tutankhamen fetched £4.7 million ($5.9 million) despite demands for its return.
Our best wishes for a productive day. Please send any news, comments, ancient busts, and 5G connections to firstname.lastname@example.org. Join the next chapter of Quartz by downloading our app and becoming a member. Today’s Daily Brief was written by Isabella Steger and edited by Tripti Lahiri.